Star Health Insurance Q4 Investor Presentation Notes
- Growth in GWP – decelerated from 22.1% in FY 2021-22 to 13% in FY 2022-23.
- Investment Yield reduced from 8.2% in FY 2021-22 to 6.9% in FY 2022-23
- Net profit of 618.5 crore compared to loss of 1040.6 crore in previous year.
- Combined ratio improved markedly from 117.9% in FY 2021-22 to 95.3% in FY 2022-23. For Q4, combined ratio was 91.3%.
- Company retains retail health market leadership position with improvement in market share from 33% to 34% in FY 2022-23.
- 62% of the premium was collected from policies issued digitally. More than 80% of the agents have downloaded STAR ATOM app.
- Sum assured increased by 10% overall and 13% for newly issued policies.
- Investment leverage at 2.4 times.
- SAHI have continued to gain market share in retail health insurance. From 40% in FY2018, share increased to 54% in FY2023. SAHI’s have grown by 26% compared to Industry average of 18%. Predictably, PSU’s are ceding market share rapidly.
Disc- Invested.
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